Part A: 1000 word short essay about the following:
Disclosure of an impairment loss.
Gali Ltd has determined that its fine china division is a CGU. The carrying amounts of the assets at 30 June 2015 are as follows:
Account Carrying Amount
Total CA 519000
Gali Ltd calculated the value in use of the division to be: 465000
If the fair value less costs of disposal of the
Patent is: 335885
Prepare the journal entry(ies) for any impairment loss occurring at 30 June 2015 including supporting calculations.
The assignment must be typed, use Arial font, 12, to avoid plagiarism, make sure you do proper referencing, at least use 6 references.Order Now